NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the U.S. residential mortgage servicer ratings for PHH Mortgage Corp. (PHH Mortgage) as follows:
--Primary servicer rating for prime product at 'RPS2';Outlook Negative
--Primary servicer rating for Alt-A product at 'RPS2';Outlook negative
--Primary servicer rating for HELOC product at 'RPS2';Outlook Negative
--Primary specialty servicer rating for sub-servicer product at 'RPS2'; Outlook Negative
Fitch has removed all ratings from Outlook Negative and withdrawn PHH Mortgage's ratings for commercial reasons.
The ratings are being withdrawn in accordance with Fitch's criteria: 'Rating Criteria for U.S. Residential and Small Balance Commercial Mortgage Servicers' and 'Rating Criteria for Structured Finance Servicers'.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Rating U.S. Residential and Small Balance Commercial Mortgage Servicer Rating Criteria' (Jan. 31, 2014).